banner_ad

capital gain in share

175 views 3 replies
User Avatar

Student CA IPC / IPCC
261 Points Posted on 15 August 2019
If some one have long term capital gain in shares and in same year he have also shortm term capital loss then he can setoff or not
Long term cg is less then 1 lakh rupees
1 Reply Share Follow
On 15 August 2019 at 18:10 Report
Replies (3)
User Avatar

78 Points Posted on 15 August 2019
yes it is allowed to set off St capital loss against Ltcg
Reply
On 15 August 2019 at 18:22
User Avatar

student
268 Points Posted on 15 August 2019
Short term capital loss can be setoff against long term capital gain
Reply
On 15 August 2019 at 22:27
User Avatar

17264 Points Posted on 15 August 2019
LTCG is exempt by default upto 1 lakh under 112A and hence your taxable LTCG will be Nil.
So Short term capital loss you will have to carry forward .
101 Reply
On 15 August 2019 at 23:21


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details